FinCEN Alerts BOI Reporting Companies to Fraud Attempts
As the Financial Crimes Enforcement Network (FinCEN) opens its beneficial ownership information (BOI) reporting portal, its BOI webpage, reflects a fraud alert for individuals and […]
New Beneficial Ownership Reporting Requirements Effective 1/1/24
Starting in 2024 newly formed, corporations, limited liability companies (LLCs), limited partnerships, and other entities that file formation papers with a state’s Secretary of State’s office (or […]
IRS Lets Employers Repay Questionable ERTC Claims at a Discounted Rate
As reported via IR-2023-247 on 12/21/2023
As part of an ongoing initiative aimed at combating dubious Employee Retention Tax Credit (ERTC) claims, the […]
IRS Continues Dissuading Questionable ERTC Claims
As reported via IR-2023-230 on 12/6/2023
The Standard Business Mileage Rate Goes Up Slightly in 2024
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents […]
2024 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list isn’t all-inclusive, […]
Giving Gifts and Throwing Parties Can Help Show Gratitude and Provide Tax Breaks
During this holiday seasons, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday […]
A Company Car is a Valuable Perk But Don’t Forget About Taxes
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk […]
There May Still Be Time to Reduce your Small Business 2023 Tax Bill
In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your […]
